Singaporehttp://www.businessinsider.com/category/singapore
en-usFri, 09 Dec 2016 22:30:20 -0500Fri, 09 Dec 2016 22:30:20 -0500The latest news on Singapore from Business Insiderhttp://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.pngBusiness Insiderhttp://www.businessinsider.com
http://www.businessinsider.com/chimney-cakes-are-loaded-with-soft-serve-2016-12These chimney cakes are loaded with soft servehttp://www.businessinsider.com/chimney-cakes-are-loaded-with-soft-serve-2016-12
Wed, 07 Dec 2016 15:51:34 -0500Ally Giannini and Herrine Ro
<p><a href="http://www.businessinsider.com/chimney-cakes-are-loaded-with-soft-serve-2016-12#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/singapore-cant-afford-to-be-pushed-around-by-china-2016-12Singapore can't afford to be pushed around by Chinahttp://www.businessinsider.com/singapore-cant-afford-to-be-pushed-around-by-china-2016-12
Wed, 07 Dec 2016 00:04:00 -0500Daniel Yap
<p><span><img style="float:right;" src="http://static3.businessinsider.com/image/58473ec4ba6eb601688b6df5-2400/undefined" alt="Singapore" data-mce-source="Reuters/Damir Sagolj" data-mce-caption="Chinese President Xi Jinping shakes hands with Singapore's Prime Minister Lee Hsien Loong during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016." /></span></p>
<p><span>The sudden seizure</span>&nbsp;of Singapore&rsquo;s nine Terrex infantry carrier vehicles (ICVs) has sparked mixed reactions in the city state.</p>
<p>Some have asked for Singapore to apologise to China and accede to the superpower&rsquo;s demands. Others have insisted that it escalate the row to recover the hardware.</p>
<p>Still others, including Singapore Foreign Affairs Minister Vivian Balakrishnan and Professor Wang Gungwu of the National University of Singapore, think the incident is merely a ripple on the tide of Sino-Singapore relations, and will subside soon enough.</p>
<p>Yet the signs of strain are showing between the two nations. Some Chinese bristle at the reminder that Singapore keeps up official relations with Taiwan, which it views as a renegade province. Some Singaporeans chafe at the perceived petty bullying by a more powerful country.</p>
<p>Now, more than a week after the seizure, are there signs of an early resolution?</p>
<h2><span>Hong Kong: a deliberate choice</span></h2>
<p>That the seizure took place in Hong Kong hints at China&rsquo;s intentions. Singapore has been using APL to transport its military hardware for years and APL&rsquo;s Kaohsiung-Singapore route passes through Xiamen<br />(<span>廈門</span>) and Hong Kong before going to Chiwan, Malaysia and then Singapore.</p>
<p>The vehicles had already been earmarked at Xiamen for seizure in Hong Kong, according to news agency FactWire, and it was sources in Chinese customs that tipped the press off about the seizure. The situation is too coincidental to ignore and appears to be a calibrated bilateral blow-up in Hong Kong, where it would be easier to contain any escalation.</p>
<p>Pouncing on what appears to be a case of botched paperwork, China thought it opportune to use Hong Kong as a stage to send a message to both Singapore and Taiwan.</p>
<p>The three &ldquo;Asian Tiger&rdquo; economies have much in common but have three very different relationships with China. Hong Kong is indisputably Chinese territory. Taiwan has set its face against the influence of mainland China and the current government has refused to acknowledge the one-China policy. Independent Singapore maintains friendly relations with both mainland China and Taiwan but abides by the one-China principle. Singapore is a key influencer for diplomacy in Asean and beyond, and therefore integral to Chinese President Xi Jinping&rsquo;s (<span>習近平</span>) &ldquo;One Belt, One Road&rdquo; strategy.</p>
<p><img src="http://static6.businessinsider.com/image/58473f2aba6eb606688b6d51-2400" alt="Singapore" data-mce-source="Reuters/Bobby Yip" data-mce-caption="Six of the nine armoured troop carriers belonging to Singapore, from a shipment detained at a container terminal, are seen in Hong Kong, China November 24, 2016." /></p>
<h2><span>A three-way dance</span></h2>
<p>Taiwan&rsquo;s relationship with China soured when President Tsai Ing-wen failed to disavow calls for Taiwanese independence and acknowledge China&rsquo;s view of the one-China policy. Beijing cut off communications with Taipei in June after years of warming relations under the Kuomintang&rsquo;s Ma Ying-jeou. This tactic of isolation is now being extended to Taiwan&rsquo;s friends.</p>
<p><span>This is not to say China doesn&rsquo;t want to use the Terrex incident to impose itself on Singapore as well. Beijing still bristles from Singapore&rsquo;s stand of supporting an international ruling that rejects China&rsquo;s claim over parts of the South China Sea, and will want to pressure the city state to reconsider its position. But will Singapore buckle? It seems unlikely. This incident will most likely spur Singapore to cling resolutely to the rule of international law to recover its lost armoured carriers and resist bullying. After an initial shock, Singaporeans will galvanise against what is seen as petty meddling.</span></p>
<p>Severe consequences await Singapore if it gives in to China on either Taiwan or the South China Sea.</p>
<p>Singapore&rsquo;s military relationship with Taiwan goes back to its early post-independence years &ndash; Operation Starlight began in 1975 and is an open secret. In the early days, at least two Taiwanese officers held the top posts in Singapore&rsquo;s air force and navy.</p>
<p>Asean is Singapore&rsquo;s backyard, and a bloc that the country benefits from being a part of. If Asean interests are jeopardised, then Singapore stands to lose out as well.</p>
<p><img src="http://static1.businessinsider.com/image/56f2ca5552bcd0210c8b853d-2400" alt="china" data-mce-source="Getty Images" data-mce-caption="A Chinese naval missile destroyer Shenzhen on November 28, 2007." /></p>
<h2><span>Delicate manoeuvring</span></h2>
<p>Singapore is stuck between a rock and a hard place, and will have to move very delicately to preserve its well-being. Singapore will stay calm and simply wait for China to release the ICVs once it feels that the diplomatic capital from the seizure has been milked dry.</p>
<p>It may not be a quick resolution.</p>
<p>Singapore&rsquo;s relationship with Taiwan will have to be pursued with more caution. Its physical constraints of having only 719 sq km of land have meant that it conducts overseas training exercises in several other countries, including Australia, Thailand and the United States.</p>
<p>This year, for example, it made a pact to expand training in Australia, more than doubling the 6,000 troops a year to 14,000.</p>
<p>Troop deployments in Taiwan under Operation Starlight have already come down to 3,000 a year from a peak of 15,000. It is unlikely that they will drop any further as this would hamper Singapore&rsquo;s ability to conduct the large-scale training exercises it needs on Taiwan&rsquo;s shores. Shipments for Starlight will have to steer clear of China&rsquo;s shores. As Singapore is among the largest foreign investors in China, the fates of both economies are intertwined.</p>
<p><span>It is possible that, quietly, so as not to upset Taiwan and Asean neighbours, Singapore will increase its military exercises with the People&rsquo;s Liberation Army, a trend it has followed over the last decade, and one that is especially prudent now with doubt hanging over America&rsquo;s international role under President-elect Donald Trump. But Singapore cannot afford to fully ally itself to one world power or another. </span></p>
<p><span>Not only would that ultimately result in vassaldom, it would also close it off to options to pursue international political, economic and social opportunities that serve its own national interest.</span></p><p><a href="http://www.businessinsider.com/singapore-cant-afford-to-be-pushed-around-by-china-2016-12#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/how-to-cook-scrambled-eggs-anthony-bourdain-2016-11">The best way to cook scrambled eggs — according to Anthony Bourdain</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Mon, 05 Dec 2016 13:01:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
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</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/r-singapore-central-bank-slaps-penalties-on-stanchart-coutts-in-1mdb-related-probe-2016-12Standard Chartered and Coutts fined in Asia money laundering crackdownhttp://www.businessinsider.com/r-singapore-central-bank-slaps-penalties-on-stanchart-coutts-in-1mdb-related-probe-2016-12
Fri, 02 Dec 2016 04:53:00 -0500
<p><img style="float:right;" src="http://static6.businessinsider.com/image/58414328ba6eb69a018b71eb-959/undefined" alt="RTR41ZS6A man walks past the name of Coutts displayed on a branch of the bank in central London August 11, 2014." data-mce-source="Reuters" data-mce-caption="A man walks past the name of Coutts displayed on a branch of the bank in central London August 11, 2014." /></p><p>SINGAPORE (Reuters) - Singapore's central bank said on Friday it imposed penalties on the local units of U.K.-based Standard Chartered Bank and Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund.</p>
<p>The penalties - of S$5.2 million ($3.65 million)and S$2.4 million, respectively - were the latest punitive measures taken by the central bank in its crackdown on money laundering, having ordered the closure earlier this year of the local units of Swiss banks BSI and Falcon.</p>
<p>The inspection at Standard Chartered "revealed significant lapses in the bank&rsquo;s customer due diligence measures and controls for ongoing monitoring," the Monetary Authority of Singapore said.</p>
<p>While the 28 breaches were "serious", the central bank did not find "wilful misconduct." Standard Chartered said in a statement it is taking action to strengthen controls and surveillance systems.</p>
<p>"We regret that 1MDB-related transactions passed through Standard Chartered Bank Singapore accounts from 2010 to early 2013," the statement said. "We reported the suspicious transactions, both before and at the time we exited the accounts in early 2013, and have been fully cooperating with the authorities investigating this matter."</p>
<p>Malaysia's 1MDB, once a pet project of Prime Minister Najib Razak who chaired its advisory board, is the subject of money-laundering investigations in at least six countries, including Switzerland, Singapore and the United States.</p>
<p>At Coutts, a private bank, the investigation revealed 24 breaches of AML requirements in relation to customer due diligence measures for politically exposed persons.</p>
<p>This was the result of actions or omissions of officers who have since left the bank, including Yak Yew Chee and Yvonne Seah, who had left Coutts to join BSI Bank in late 2009.</p>
<p>Coutts International was sold by Royal Bank of Scotland to Union Bancaire Privee in March 2015 and is in the process of winding down its Singapore operations. UBP did not immediately respond to requests for comment.</p>
<p>MAS is also in the process of issuing a prohibition order against Tim Leissner, a former director and representative of Goldman Sachs Singapore.</p>
<p>Leissner was responsible for managing the relationship with 1MDB when Goldman Sachs was engaged by the fund to arrange three bond issues from 2012 to 2013. MAS's investigation found he had made false statements on behalf of his bank without its knowledge or consent.</p>
<p>&ldquo;Today&rsquo;s announcement refers to a matter we discovered in January of this year and identified as a clear violation of the firm&rsquo;s standards...We continue to cooperate with the MAS,&rdquo; Goldman Sachs said in a statement.</p>
<p>The proposed order will prohibit Leissner for a period of 10 years from performing any regulated activity under the Securities and Futures Act or taking part, directly or indirectly, in the management of any capital market services firm in Singapore.</p>
<p>The central bank said it was nearing the end of its 1MDB-related investigations and will provide a final update early next year.</p>
<p>&nbsp;</p><p><a href="http://www.businessinsider.com/r-singapore-central-bank-slaps-penalties-on-stanchart-coutts-in-1mdb-related-probe-2016-12#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/ykk-zipper-label-almost-every-2016-11">Why almost every pair of jeans has a zipper that says ‘YKK’</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Wed, 30 Nov 2016 13:06:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Fri, 25 Nov 2016 12:01:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
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</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Wed, 16 Nov 2016 13:01:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/r-singapore-sees-brexit-as-chance-to-recruit-londons-fintech-talent-2016-11Singapore wants to steal London's fintech crown after Brexithttp://www.businessinsider.com/r-singapore-sees-brexit-as-chance-to-recruit-londons-fintech-talent-2016-11
Wed, 16 Nov 2016 02:42:00 -0500
<p><img style="float:right;" src="http://static3.businessinsider.com/image/57fc92554046dd06018b4e01-1067/singapore-aotaro.jpg" alt="Singapore at night" data-mce-source="Flickr/aotaro" data-link="https://www.flickr.com/photos/aotaro/24522877571/in/photolist-Dn1a8Z-cLLVpJ-CCLT8y-B87TrB-HyyeLq-dt1NVs-HXcVfQ-cLeN4b-BR5LGA-5Ah3gs-8CJpBm-HQWVfW-2XJ6LX-Je8V3Y-E5hcAs-dufVs5-cPzC8s-J2PdaS-cYiN3Y-FYoMS-Hrc6vk-36hgHh-dD6eKE-dmQVhH-4euZmT-dmQnhj-cSDhtE-DZBXZc-4xnBFG-cDgtbL-cDC4vY-84jdRK-9pZvcq-FNXNUV-cgsapb-5fvawQ-96H4cc-crBjpA-wjn451-ErhyoV-Em9huZ-DPUixx-at1fQu-6MyDDq-Fjd3HC-eT7PgZ-d3mrh3-eVpnDo-36E4j7-8hn1op" /></p><p>SINGAPORE (Reuters) - Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's central bank.</p>
<p>"First thing after Brexit happened, we talked about talent - talent coming out of the UK," said Sopnendu Mohanty of the Monetary Authority of Singapore at a panel discussion at Singapore's first FinTech festival.</p>
<p>"I agree they have a huge pool of talent and it's good to have something like that so we can take some talent out."</p>
<p>Britain's economic secretary to the treasury Simon Kirby, one of the officials in attendance, told the audience that London will remain a leading financial center, though he acknowledged that Singapore might be able to lure some of the talent.</p>
<p>"Brexit is an opportunity, not a risk," Kirby said.</p>
<p>Mohanty said Singapore was making its own efforts to develop talent, building a research center dedicated to FinTech and retraining people from the financial industry.</p>
<p>People needed to "wake up" to the need to learn new skills, Mohanty said, as "financial services in 5-10 years time will be called FinTech."</p>
<p>Some 11,000 participants - including software giant Microsoft and global banks such as Citibank and Standard Chartered - from over 50 countries gathered for the FinTech event.</p>
<p>(Reporting by Marius Zaharia and Saeed Azhar; Editing by Shri Navaratnam)</p><p><strong>SEE ALSO:&nbsp;<a href="http://uk.businessinsider.com/nutmeg-raises-30-million-convoy-new-ceo-roboadvisor-fintech-2016-11" >Chancellor Philip Hammond says UK is 'global fintech capital' as Nutmeg raises £30 million</a></strong></p>
<p><a href="http://www.businessinsider.com/r-singapore-sees-brexit-as-chance-to-recruit-londons-fintech-talent-2016-11#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Mon, 14 Nov 2016 22:01:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11A travel hacker scored a $12,000 suite on Singapore Airlines for $100 — here's what it was likehttp://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11
Sat, 12 Nov 2016 12:00:00 -0500Talia Lakritz
<p><img src="http://static2.businessinsider.com/image/5820cd25dd089546458b47e1-2400/singapore-suites-first-class-a380_29999141126_o.jpg" alt="singapore suites first class a380_29999141126_o" data-mce-source="Dan Gillaspia/Flickr" data-link="https://www.flickr.com/photos/bayareaag/" /></p><p></p>
<p><strong>The INSIDER Summary:</strong></p>
<p style="padding-left: 30px;"><strong>&bull; Dan Gillaspia of the travel website UponArriving scored a $12,000 suite on Singapore Airlines for only $100.</strong><br /><strong>&bull;&nbsp;From free-flowing Champagne to a&nbsp;double bed, Gillaspia takes us on a tour of what flying on world's best international airline&nbsp;was like.</strong></p>
<hr />
<p><br />Dan Gillaspia is an attorney by day and travel hacker by night. <a href="http://www.thisisinsider.com/how-to-get-more-miles-points-rewards-tricks-2016-11">Armed with 45 credit cards</a> and detailed spreadsheets, he's a pro at racking up miles and rewards to put towards his&nbsp;next adventure. He also shares his tricks on his website,&nbsp;<a href="http://uponarriving.com/">UponArriving</a>.&nbsp;</p>
<p>Recently, his tricks got him a $12,000 suite on a Singapore Airline flight from Tokyo to Singapore for only $100.</p>
<p><strong>Here's what it was like to travel in the most exclusive seat&nbsp;on&nbsp;</strong><a href="http://www.thisisinsider.com/singapore-airline-best-international-airline-2016-7"><strong>world's best international airline</strong></a><strong>.</strong></p><h3>Attorney Dan Gillaspia runs the website UponArriving, on which he covers the latest developments in credit cards, airline and hotel award programs, and other travel topics.</h3>
<img src="http://static1.businessinsider.com/image/5820ba9ddd08955e428b481b-400-300/attorney-dan-gillaspia-runs-the-website-uponarriving-on-which-he-covers-the-latest-developments-in-credit-cards-airline-and-hotel-award-programs-and-other-travel-topics.jpg" alt="" />
<br/><br/><h3>Using 100,000 miles from two credit cards, the $12,000 suite on Singapore Airlines only cost him $100 out of pocket.</h3>
<img src="http://static1.businessinsider.com/image/5820cd25dd089546458b47e3-400-300/using-100000-miles-from-two-credit-cards-the-12000-suite-on-singapore-airlines-only-cost-him-100-out-of-pocket.jpg" alt="" />
<br/><br/><h3>The flight attendants greeted him and his partner by name when they arrived.</h3>
<img src="http://static1.businessinsider.com/image/5820cd25dd089546458b47e4-400-300/the-flight-attendants-greeted-him-and-his-partner-by-name-when-they-arrived.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11#/#you-knew-right-away-that-this-was-going-to-be-a-special-flight-he-said-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/where-can-i-move-2016-11The 11 best countries to move to right nowhttp://www.businessinsider.com/where-can-i-move-2016-11
Wed, 09 Nov 2016 19:34:00 -0500Gus Lubin
<p><img src="http://static6.businessinsider.com/image/561e9c25dd089544398b4695-2400/shutterstock_129132983-1.jpg" alt="airplane " data-mce-source="Iryna Rasko/Shutterstock" data-link="http://www.shutterstock.com/pic-129132983/stock-photo-airplane-flying-above-tropical-sea-at-sunset.html?src=XZou05Ia7omqqGhHgJ7F0w-1-0" /></p><p>You might be thinking about leaving the United States for a little while.</p>
<p>If so, we've got a few suggestions, courtesy of <a href="https://www.expatexplorer.hsbc.com/">HSBC's annual Expat Survey</a>. Put out by the global banking company, the&nbsp;report draws insights from 27,000 expats living in 190 countries, and then ranks those countries based on factors related to economics, living experience, and family.</p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/how-to-move-canada-2016-10" >Your complete guide to moving to Canada</a></strong></p>
<p><strong>DON'T MISS:&nbsp;<a href="http://www.businessinsider.com/how-bad-will-donald-trump-be-2016-11" >An optimist's guide to the 2016 election</a></strong></p>
<h3>11. Australia</h3>
<img src="http://static3.businessinsider.com/image/52a0b9aceab8eaf66996af75-400-300/11-australia.jpg" alt="" />
<p><p>"Australia's near-perfect weather, cultural diversity, and good quality of life attract expats of all ages from around the world," writes <a href="https://www.expatexplorer.hsbc.com/country-guides/australia">HSBC</a>.</p>
<p>The country ranked #5 for overall experience, #18 for overall economics and #20 for family considerations.</p>
<p>Two-thirds of expats say their quality of life has improved since moving there, compared to a global average of 52%.</p></p>
<br/><br/><h3>10. Germany</h3>
<img src="http://static4.businessinsider.com/image/53c260bc6da811be531316c6-400-300/10-germany.jpg" alt="" />
<p><p><a href="https://www.expatexplorer.hsbc.com/country-guides/germany">Germany</a> is fantastic for economic considerations, ranking #3 in that category overall, #5 in confidence about the local economy, and #1 in working opportunities.</p>
<p>"As well as its financial strength, the country's rich culture, natural beauty, and comprehensive social security are very appealing to expats, especially if you're looking for a welcoming environment to raise a family while you develop your career," writes HSBC.</p>
<p>The country ranked #27 for experience and #12 for family.</p></p>
<br/><br/><h3>9. Bahrain</h3>
<img src="http://static1.businessinsider.com/image/5522d21beab8ea69092860cf-400-300/9-bahrain.jpg" alt="" />
<p><p>"People are drawn to Bahrain for its exciting career prospects and laid-back lifestyle," writes HSBC.</p>
<p>The relatively liberal Gulf country ranked #17 for economics, #6 for experience, and #9 for family.</p>
<p>The majority of expats in Bahrain, as with other Gulf countries, say they've been able to save more than they could in their home country.</p></p>
<br/><br/><a href="http://www.businessinsider.com/where-can-i-move-2016-11#/#8-sweden-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/best-country-for-expats-2016-11Why Singapore is the best city in the world for expatshttp://www.businessinsider.com/best-country-for-expats-2016-11
Wed, 09 Nov 2016 14:19:00 -0500Jess McHugh
<p><strong><img src="http://static5.businessinsider.com/image/58235428dd0895e9548b499d-1500/singapore water fountain.jpg" alt="Singapore Water Fountain" data-mce-source="platongkoh / iStock" data-link="http://www.istockphoto.com/photo/the-merlion-fountain-and-singapore-skyline-gm473908802-65052941" /></strong></p>
<p><strong>A new study from<a href="https://www.expatexplorer.hsbc.com/survey/finding/183/singapore-is-the-best-overall-destination-for-expats"> HSBC reveals</a> that the top place to live as an expat is<a href="http://www.travelandleisure.com/articles/tls-definitive-guide-to-singapore"> Singapore</a>.</strong></p>
<p>The study was conducted among 27,000 expats in about 100 countries between March and May 2016. Third party survey group YouGov conducted the poll, which did not survey HSBC customers alone. The financial services company reached out to expats through social media, online communities and other channels to find a wide pool of respondents.</p>
<p>Singapore received high marks from expats on economics, family life, and overall experience in the country.</p>
<p>Emily Abbey, a 28-year-old blogger, recently moved with her husband and two young children to<a href="http://www.travelandleisure.com/culture-design/art-in-singapore"> Singapore</a> from the rural county of Devon in the U.K. While the move has of course<a href="http://theexpatmama.com/"> presented challenges</a>, Abbey raved about her experience.</p>
<p>&ldquo;There are so many expats here that once you find your crowd...you soon forget about how far away from &lsquo;home&rsquo; you are,&rdquo; she told Travel + Leisure in an email. &ldquo;I'd absolutely recommend making a big move to anyone, and Singapore is a really easy first step into Asian life and expat life.&rdquo;</p>
<p>&ldquo;Everything is available here if you need some home comforts, but you can also live [like] a local and immerse yourself in Asian culture,&rdquo; she said.</p>
<p>Survey respondents rated safety and finance especially high, placing Singapore second and third overall of the countries surveyed, respectively. Eighty-four percent of respondents said they felt safer in Singapore than they did back home.</p>
<p>Abbey noted her own feeling of security, even when out late on her own or with girlfriends. The mix of city and small-town vibes that Singapore provides were also a top benefit, according to the blogger.</p>
<p>&ldquo;I can wander around the local markets and hawker stands eating local foods and taking in the sights and history of Singapore, then jump on a bus and be in downtown Singapore within a half hour and be living the ultimate city girl dream,&rdquo; she said.</p>
<p>Career growth, economic confidence and savings also received top marks from expats living in Singapore. Around 62 percent respondents said their earnings had improved. And that might not come as a surprise, seeing how the average expat in Singapore earns $139,000 annually,<a href="http://www.cnbc.com/2016/09/20/singapore-the-best-place-for-expats-while-uk-us-are-just-ok-according-to-hsbc-survey.html"> CNBC reported.</a></p>
<p>New Zealand came in a close second on the HSBC study, followed by Canada and the Czech Republic. New Zealand achieved especially high marks in the family categories of tolerance, and quality of life, while taking hits in the savings and wage growth categories. The Czech Republic was a new addition to the top tier, up from the 18th place ranking in 2015.</p><p><a href="http://www.businessinsider.com/best-country-for-expats-2016-11#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/ykk-zipper-label-almost-every-2016-11">Why almost every pair of jeans has a zipper that says ‘YKK’</a></p> http://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11A travel hacker scored a $12,000 suite on Singapore Airlines for $100 — here's what it was likehttp://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11
Mon, 07 Nov 2016 14:10:00 -0500Talia Lakritz
<p><img src="http://static2.businessinsider.com/image/5820cd25dd089546458b47e1-2400/singapore-suites-first-class-a380_29999141126_o.jpg" alt="singapore suites first class a380_29999141126_o" data-mce-source="Dan Gillaspia/Flickr" data-link="https://www.flickr.com/photos/bayareaag/" /></p><p></p>
<p><strong>The INSIDER Summary:</strong></p>
<p style="padding-left: 30px;"><strong>&bull; Dan Gillaspia of the travel website UponArriving scored a $12,000 suite on Singapore Airlines for only $100.</strong><br /><strong>&bull;&nbsp;From free-flowing Champagne to a&nbsp;double bed, Gillaspia takes us on a tour of what flying on world's best international airline&nbsp;was like.</strong></p>
<hr />
<p><br />Dan Gillaspia is an attorney by day and travel hacker by night. <a href="http://www.thisisinsider.com/how-to-get-more-miles-points-rewards-tricks-2016-11">Armed with 45 credit cards</a> and detailed spreadsheets, he's a pro at racking up miles and rewards to put towards his&nbsp;next adventure. He also shares his tricks on his website,&nbsp;<a href="http://uponarriving.com/">UponArriving</a>.&nbsp;</p>
<p>Recently, his tricks got him a $12,000 suite on a Singapore Airline flight from Tokyo to Singapore for only $100.</p>
<p><strong>Here's what it was like to travel in the most exclusive seat&nbsp;on&nbsp;</strong><a href="http://www.thisisinsider.com/singapore-airline-best-international-airline-2016-7"><strong>world's best international airline</strong></a><strong>.</strong></p><h3>Attorney Dan Gillaspia runs the website UponArriving, on which he covers the latest developments in credit cards, airline and hotel award programs, and other travel topics.</h3>
<img src="http://static1.businessinsider.com/image/5820ba9ddd08955e428b481b-400-300/attorney-dan-gillaspia-runs-the-website-uponarriving-on-which-he-covers-the-latest-developments-in-credit-cards-airline-and-hotel-award-programs-and-other-travel-topics.jpg" alt="" />
<br/><br/><h3>Using 100,000 miles from two credit cards, the $12,000 suite on Singapore Airlines only cost him $100 out of pocket.</h3>
<img src="http://static1.businessinsider.com/image/5820cd25dd089546458b47e3-400-300/using-100000-miles-from-two-credit-cards-the-12000-suite-on-singapore-airlines-only-cost-him-100-out-of-pocket.jpg" alt="" />
<br/><br/><h3>The flight attendants greeted him and his partner by name when they arrived.</h3>
<img src="http://static1.businessinsider.com/image/5820cd25dd089546458b47e4-400-300/the-flight-attendants-greeted-him-and-his-partner-by-name-when-they-arrived.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/inside-a-12000-suite-on-singapore-airlines-2016-11#/#you-knew-right-away-that-this-was-going-to-be-a-special-flight-he-said-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Mon, 07 Nov 2016 13:04:00 -0500John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
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</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Thu, 03 Nov 2016 13:02:00 -0400John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Wed, 02 Nov 2016 22:03:00 -0400John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/singapore-pm-on-tpp-how-can-anybody-believe-in-us-anymore-2016-10Singapore's prime minister on Trans-Pacific Partnership: 'How can anybody believe' in US anymore?http://www.businessinsider.com/singapore-pm-on-tpp-how-can-anybody-believe-in-us-anymore-2016-10
Thu, 27 Oct 2016 22:29:00 -0400Bhavan Jaipragas
<p><img style="float:right;" src="http://static4.businessinsider.com/image/580693028d83b4b3028b53d8-2400/rtspykg.jpg" alt="Singapore's Prime Minister Lee Hsien Loong" data-mce-source="Kim Kyung-Hoon/Reuters" data-mce-caption="Singapore's Prime Minister Lee Hsien Loong" data-link="http://pictures.reuters.com/archive/JAPAN-SINGAPORE--S1BEUEAUFEAC.html" /></p><p>Singapore's constant calls for the US to quickly ratify a landmark Asia-Pacific trade pact underscores the entrepot city's frustration with the anti-free-trade rhetoric that has surfaced in Washington during the 2016 presidential campaign, observers say.</p>
<p>In an interview with the Time magazine published on Tuesday, Prime Minister Lee Hsien Loong repeated earlier warnings that a failure by the US Congress to ratify the 12-nation Trans-Pacific Partnership would diminish Washington's standing among Asian trade partners.</p>
<p>US President Barack Obama firmly backs the TPP &mdash; whose participants account for 40% of the global economy &mdash; but it is opposed by both of the major-party presidential nominees, Hillary Clinton and Donald Trump.</p>
<p>The deal does not include China, and it is seen as part of the Obama administration's Asian "rebalance" strategy amid Beijing's rising clout in the region.</p>
<p>After eight years of negotiations, the US, Japan, and 10 other Pacific Rim countries reached an agreement on the pact in October last year, but the US Congress has yet to ratify it. Observers say the legislative body is unlikely to do so during the "lame duck" session after the November 8 presidential election and before the inauguration of the new president on January 20.</p>
<p>"In every American election, crazy things are said. Positions are taken which the winners try very hard to forget afterwards," Lee said in the interview with Time's editor at large Ian Bremmer.</p>
<p>"On trade too, that has been true for some time. But this time it has been so nasty and harsh that I think Hillary, if she wins, will have a lot of things to un-speak which she will find very difficult to do," Lee said.</p>
<p>"I think TPP will be a casualty if it is not settled by January," Lee said, adding that the deal "probably will not be" ratified by Congress by then.</p>
<p><img src="http://static5.businessinsider.com/image/57a0b1f55124c97c0f2f8f68-800/obama-singapore-leader-push-pacific-trade-deal-in-state-visit-2016-8.jpg" alt="U.S. President Barack Obama (R) and Singapore's Prime Minister Lee Hsien Loong walk together to the Oval Office after an official arrival ceremony at the White House in Washington, U.S. August 2, 2016. REUTERS/Jonathan Ernst" data-mce-source="Thomson Reuters" data-mce-caption="U.S. President Barack Obama and Singapore's Prime Minister Lee Hsien Loong walk together to the Oval Office after an official arrival ceremony at the White House in Washington" /></p>
<p>Observers say Singapore's Lee has been most vocal about the headwinds against ratifying the TPP in Capitol Hill because its failure could hurt the country's trade-reliant economy, already reeling from the effects of China's slowdown.</p>
<p>"This is a core economic interest. More so than the bigger economies with larger domestic markets, Singapore needs the trade deal to come through to see economic growth from increased external trade," said Chong Ja Ian, an assistant political science professor at the National University of Singapore.</p>
<p>Song Seng Wun, a Singapore-based economist with CIMB Private Bank, said Lee's comments echoed "the natural sense of frustration that Singapore feels about (US) domestic politics getting in the way" of the TPP's ratification. "From Singapore's standpoint, trade deals like the TPP are important because they help drive growth in external trade on which it is very dependent."</p>
<p>Song said the deadlock over a planned European Union-Canada trade deal because of a rejection of the pact by the French-speaking south of Belgium reflected global antipathy toward free-trade deals.</p>
<p>"Whether it is the US or Europe, it is increasingly difficult to convince people that they stand to benefit from trade deals in terms of job opportunities and income growth," Song said. "Politicians are not stupid. They can read the ground."</p>
<p>Some observers say there is still a slight chance the TPP could be passed before or after the presidential inauguration if Hillary Clinton wins on November 8.</p>
<p>Trump, the Republican nominee, has said killing the TPP and renegotiating the North American Free Trade Agreement would be among his economic priorities if elected.</p>
<p><img src="http://static5.businessinsider.com/image/57fbd2d94046dd98168b48f9-2400/gettyimages-613699030.jpg" alt="clinton trump" data-mce-source="Getty" data-mce-caption="Republican presidential nominee Donald Trump (L) and Democratic presidential nominee former Secretary of State Hillary Clinton during the town hall debate at Washington University on October 9, 2016 in St Louis, Missouri." /></p>
<p>"One option is that the Clinton administration will pass the TPP with some modifications not long after her inauguration," said Chong of the National University of Singapore.</p>
<p>"What happens will also depend on what happens down ticket in the election &hellip; if the Democrats take control of the Senate, there is a better chance of the TPP being ratified," he said.</p>
<p>In the interview with Time magazine, Lee said a failure to ratify the TPP "would be a very big setback for America."</p>
<p>"Your standing goes down with many countries around the world," Lee said. "After you have gotten Vietnam to join, after you have gotten Japan to join, after Japanese Prime Minister Shinzo Abe has made very difficult arrangements on agriculture, cars, sugar, and dairy. Now you say, 'I walk away, that I do not believe in this deal.' How can anybody believe in you anymore?"</p>
<p>Trade-reliant Singapore is one of the founders of the TPP's predecessor, the P4 group, which includes Chile, Brunei, and New Zealand.</p>
<p>Trade ministers from the four countries plus the US, Japan, Australia, Vietnam, Mexico, Malaysia, Peru, and Canada signed the pact in Auckland in February.</p>
<p>The World Bank estimates it could raise gross domestic product by an average of 1.1% in participant countries by 2030.</p>
<p>Apart from the reduction of tariffs, the TPP also involves stricter rules to protect intellectual property and to level the playing field between state-linked firms and privately held companies.</p><p><a href="http://www.businessinsider.com/singapore-pm-on-tpp-how-can-anybody-believe-in-us-anymore-2016-10#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/why-boeing-747-front-hump-2016-11">Here's why Boeing 747s have a giant hump in the front</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Sun, 23 Oct 2016 11:03:00 -0400John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
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</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Wed, 19 Oct 2016 19:03:00 -0400John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p> http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8This is why automakers are investing in self-driving and ride-hailing companieshttp://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8
Wed, 19 Oct 2016 02:02:00 -0400John Greenough
<p><img style="float:right;" src="http://static4.businessinsider.com/image/57bb2506db5ce9ad018b8147-700/unnamed (2).jpg" alt="Driverless Taxi Ecosystem" data-mce-source="BI Intelligence" /></p><p>Since the start of 2016, automakers, tech companies, and ride-hailing services have been racing to create a driverless taxi service. This service <span>would mirror how an Uber works today, but there wouldn&rsquo;t be a driver.</span></p>
<p>So far, the race has been brutal, as companies jockey for position by spending billions to acquire/invest in companies that will help make a driverless taxi service a reality. Uber <a href="http://www.businessinsider.com/r-volvo-and-uber-team-up-to-develop-self-driving-cars-2016-8">recently</a> took the pole position by launching a pilot&nbsp;self-driving taxi service (with a driver still behind the wheel) in Pittsburgh. But other companies, including almost every automaker, are quickly catching up as we reach the mid-way point in the driverless taxi race.</p>
<p>For the past two years, BI Intelligence, Business Insider&rsquo;s premium research service, has been tracking the progress of the self-driving&nbsp;car space. As our <a href="http://www.businessinsider.com/report-10-million-self-driving-cars-will-be-on-the-road-by-2020-2015-5-6">reports</a> have shown, the evolution is happening much faster than many expected, but there are still many barriers that have to be overcome before driverless cars become a reality.</p>
<p>In a new report, we analyze the fast evolving driverless taxi model and examine the moves companies have made so far in creating a service. In particular, we distill the service into three main players: the automakers who produce the cars, the components suppliers who outfit them to become driverless, and the shared mobility services that provide the platform for consumers to order them.</p>
<p><em>Here are some of the key takeaways from the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Fully autonomous taxis are already here, but to reach the point where companies can remove the driver will take a few years. Both Delphi and nuTonomy have been piloting fully autonomous taxi services in Singapore.</span></li>
<li><span style="line-height: 1.5em;">Driverless taxi services would significantly benefit the companies creating them, but could have a massive ripple effect on the overall economy. They could cause lower traffic levels, less pollution, and safer roads. They could also put millions of people who rely on the taxi, as well as the automotive market, out of a job.</span></li>
<li><span style="line-height: 1.5em;">We expect the first mass deployment of driverless taxis to happen by 2020. Some government officials have even more aggressive plans to deploy driverless taxis before that, but we believe they will be stymied by technology barriers, including mass infrastructure changes.</span></li>
<li><span style="line-height: 1.5em;">But it will take 20-plus years for a driverless taxi service to make a significant dent in the way people travel. We believe the services will be launched in select pockets of the world, but will not reach a global level in the same time-frame that most technology proliferates.</span></li>
</ul>
<p><em>In full the report:</em></p>
<ul>
<li><span style="line-height: 1.5em;">Analyzes the moves 18-plus companies have made in creating a driverless taxi service.</span></li>
<li><span style="line-height: 1.5em;">Discusses the corporate and societal benefits of a driverless taxi service</span></li>
<li><span style="line-height: 1.5em;">Examines the regulators conundrum when deciding if they should or should not allow driverless taxis to operate</span></li>
<li><span style="line-height: 1.5em;">Determines the potential cost of a driverless taxi vs. owning a car, riding in a ride-hailing service, or riding in a taxi</span></li>
<li><span style="line-height: 1.5em;">Explains the barriers including the technological and regulatory barriers these companies will face</span>&nbsp;</li>
</ul>
<p>&nbsp;<em style="line-height: 1.5em;"><span style="line-height: 1.5em;">Interested in getting the full report? Here are two&nbsp;ways to access it:</span></em></p>
<ol>
<li><span>Subscribe to an&nbsp;</span><span style="text-decoration: underline;"><strong><em>All-Access</em></strong></span><span>&nbsp;pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure&nbsp;you stay ahead of the curve and benefit personally and professionally. &gt;&gt;</span> <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/bi-intelligence-iot-research-bundle?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_subscription_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=subscription_report_teaser_text_link&amp;utm_campaign=report_teaser_subscription_link&amp;vertical=iot">Learn More&nbsp;Now</a></strong></span></li>
<li>Purchase &amp; download the full report from&nbsp;our research store. &gt;&gt; <span style="text-decoration: underline;"><strong><a href="http://www.businessinsider.com/intelligence/research-store?IR=T&amp;utm_source=businessinsider&amp;utm_medium=report_teaser&amp;utm_term=report_teaser_store_text_link_the-race-for-a-driverless-taxi-service-is-on-2016-8&amp;utm_content=report_store_teaser_text_link&amp;utm_campaign=report_teaser_store_link&amp;vertical=iot#!/The-Driverless-Taxi-Report/p/70294412/">Purchase &amp; Download Now</a></strong></span></li>
</ol><p><a href="http://www.businessinsider.com/the-race-for-a-driverless-taxi-service-is-on-2016-8#comments">Join the conversation about this story &#187;</a></p>